Melbourne CBD
20.05.2013
How would you describe your market at the moment?
Melbourne, like many other Australian CBD office markets is characterised by a challenging demand environment. Occupiers remain reluctant to move or make long-term decisions while commodity and financial markets are volatile.
http://www.joneslanglasallesites.com/leasing/market-overview/melbourne-cbd-5
Showing posts with label Melbourne CBD. Show all posts
Showing posts with label Melbourne CBD. Show all posts
Tuesday, May 21, 2013
Monday, April 22, 2013
Docklands: Shifting the market dynamic for Melbourne CBD office
Docklands: Shifting the market dynamic for Melbourne CBD office
Australia ViewPoint
SUMMARY
Docklands has been the engine room of growth in the Melbourne CBD office market over the last decade or so and based on existing development will continue to be over 2013 and 2014. The historical strong growth has been well absorbed against a backdrop of strong conditions in the office occupier markets, which saw the Melbourne market outperform other capital cities in terms of space growth and yield. With occupier conditions now materially weaker, forthcoming supply in Docklands poses clear risks to CBD vacancy. To date, the market seems to be digesting this as part of a cyclical slowing, a rebalancing or “normalisation” after a period of strength, rather than posing a material risk to the long run performance of the Melbourne market. Yields have been relatively stable, particularly for premium assets. We think that is likely to remain the case through 2013 and 2014.
Download full report
Australia ViewPoint
SUMMARY
Docklands has been the engine room of growth in the Melbourne CBD office market over the last decade or so and based on existing development will continue to be over 2013 and 2014. The historical strong growth has been well absorbed against a backdrop of strong conditions in the office occupier markets, which saw the Melbourne market outperform other capital cities in terms of space growth and yield. With occupier conditions now materially weaker, forthcoming supply in Docklands poses clear risks to CBD vacancy. To date, the market seems to be digesting this as part of a cyclical slowing, a rebalancing or “normalisation” after a period of strength, rather than posing a material risk to the long run performance of the Melbourne market. Yields have been relatively stable, particularly for premium assets. We think that is likely to remain the case through 2013 and 2014.
Download full report
Tuesday, August 21, 2012
Docklands pulls its weight
Docklands pulls its weight
August 20, 2012
Philip Hopkins
DOCKLANDS, which is 48 per cent complete, has shifted the geographical heart of the Melbourne CBD to the west and is now the second-largest office precinct for prime-grade stock in the CBD.
http://www.smh.com.au/business/property/docklands-pulls-its-weight-20120819-24gge.html#ixzz243o9lUuN
August 20, 2012
Philip Hopkins
DOCKLANDS, which is 48 per cent complete, has shifted the geographical heart of the Melbourne CBD to the west and is now the second-largest office precinct for prime-grade stock in the CBD.
http://www.smh.com.au/business/property/docklands-pulls-its-weight-20120819-24gge.html#ixzz243o9lUuN
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